Central Valley Community Bancorp Stock Forecast
Central Valley Community Bancorp stock price ended at $19.89 on Tuesday, after losing 0%.
(Updated on May 07, 2024)
No changes to the price of Central Valley Community Bancorp stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at $19.89 to a day high of $19.89. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.72 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.87% during the next 3 months and, with a 90% probability hold a price between $22.25 and $23.60 at the end of this 3-month period.
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CVCY Signals & Forecast
The Central Valley Community Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.89 and $19.73. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Central Valley Community Bancorp stock
On the downside, the stock finds support just below today's level from accumulated volume at $18.70 and $18.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Central Valley Community Bancorp finds support just below today's level at $18.70. If this is broken, then the next support from accumulated volume will be at $18.15 and $17.45.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $19.09 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CVCY) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Central Valley Community Bancorp to open at $19.89, and during the day (based on 14 day Average True Range), to move between $19.83 and $19.95, which gives a possible trading interval of +/-$0.0631 (+/-0.32%) up or down from last closing price. If Central Valley Community Bancorp takes out the full calculated possible swing range there will be an estimated 0.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.70, some $1.19 (5.98%) from the current price of $19.89, our system finds the risk reward attractive.
Is Central Valley Community Bancorp stock A Buy?
Central Valley Community Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Central Valley Community Bancorp of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$19.89 ( 0%) | $19.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVCY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.89 | . | |
R2 | 19.89 | . | ||
R1 | 19.89 | . | ||
Current price: | 19.89 | |||
Support | S1 | 19.89 | . | |
S2 | 19.89 | . | ||
S3 | 19.89 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 19.89 | |||
Support | S1 | 18.70 | -5.98% | |
S2 | 18.15 | -8.75% | ||
S3 | 17.45 | -12.27% |
CVCY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 17, 2024 | Feb 01, 2024 | Feb 16, 2024 | $0.120 | 0.662% |
2 | Oct 19, 2023 | Nov 02, 2023 | Nov 17, 2023 | $0.120 | 0.686% |
3 | Jul 19, 2023 | Aug 03, 2023 | Aug 18, 2023 | $0.120 | 0.85% |
4 | Apr 19, 2023 | May 04, 2023 | Aug 18, 2023 | $0.120 | 0.85% |
5 | Jan 26, 2023 | Feb 09, 2023 | Feb 24, 2023 | $0.120 | 0.467% |
FAQ
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